Mentha oil futures fall 0.46 pc on profit booking

NEW DELHI, July 4:  Mentha oil prices fell by 0.46 per cent to Rs 715.70 per kg in futures trading today as speculators booked profits at prevailing levels amidst sluggish spot demand.
At the Multi Commodity Exchange, mentha oil for delivery in August declined by Rs 3.30, or 0.46 per cent, to Rs 715.70 per kg in business turnover of 129 lots.
Likewise, the oil for delivery in July contract traded lower by Rs 2.50, or 0.36 per cent, to Rs 699.30 per kg in 570 lots.
Analysts attributed the fall in mentha oil futures to profit-booking by speculators, decline in demand from consuming industries in the spot market. (PTI)